SPIRIT OPEN EQUESTRIAN PROGRAM INC (EIN 208492941) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

MICHELLE E GNOZZIO

Phone

7036009667

Tax Period

2024-01-01 to 2024-12-31

SPIRIT OPEN EQUESTRIAN PROGRAM INC, founded in 2007, is a small nonprofit in the Human Services sector that reported $282K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $63K, a strong 22% operating margin.

Mission

SPIRITS MISSION IS TO FOSTER HEALING AND TEACH LIFE SKILLS THROUGH INTERACTIONS WITH HORSES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $112,488

Program Service Revenue $247,220

Investment Income $12,608

Other Revenue $0

TOTAL REVENUE $372,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,419

Fundraising Expenses $8,192

Program Expenses $350,967

Other Expenses $178,584

TOTAL EXPENSES $350,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,316	$402,989	-0.1%
Expenses	$350,003	$308,307	+0.1%
Net Income	$22,313	$94,682	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHELLE GNOZZIO	EXECUTIVE DIRECTOR	Highest	$74,472	$0	$74,472
DAVORKA SUVAK	FOUNDER DIRECTOR	Director	$0	$0	$0
ROBERT MENNELL	DIRECTOR	Director	$0	$0	$0
LAUREN WONG	DIRECTOR	Director	$0	$0	$0
PATRICIA SULLIVAN	DIRECTOR	Director	$0	$0	$0
LESLIE VERNON	DIRECTOR	Director	$0	$0	$0
DIANE PIRES	DIRECTOR	Director	$0	$0	$0
JENNIFER CIBULA	DIRECTOR	Director	$0	$0	$0
DOUGLAS GAIBLER	DIRECTOR	Director	$0	$0	$0
SAMUEL SCHWALL	PRESIDENT	Officer Director	$0	$0	$0
CYNDA ZURFLUH	VICE PRESIDENT	Officer Director	$0	$0	$0
VESMA MONTVILLO	TREASURER	Officer Director	$0	$0	$0
CLAIRE HOSKER	DIRECTOR	Director	$0	$0	$0
CHUCK GUMAS	DIRECTOR	Director	$0	$0	$0
RACHEL SCHWALL	SECRETARY	Officer Director	$0	$0	$0
BARRY DRESDNER	DIRECTOR	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$372,316	$350,003	$865,340	$22,313
2023	$402,989	$308,307	$849,233	$94,682
2022	$258,303	$237,288	$679,209	$21,015
2021	$330,339	$216,567	$660,691	$113,772
2020	$292,461	$228,118	$582,452	$64,343
2019	$291,302	$255,780	$488,142	$35,522
2018	$281,949	$219,338	$475,635	$62,611

SPIRIT OPEN EQUESTRIAN PROGRAM INC